EXHIBIT 11. STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
ELI LILLY AND COMPANY AND SUBSIDIARIES
Three Months Ended
March 31,
2002 2001
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BASIC
Net income $ 629.2 $ 806.8
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Average number of common shares outstanding 1,076.9 1,078.1
Contingently issuable shares .2 .4
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Adjusted average shares 1,077.1 1,078.5
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Basic earnings per share $ .58 $ .75
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DILUTED
Net income $ 629.2 $ 806.8
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Average number of common shares outstanding 1,076.9 1,078.1
Incremental shares - stock options and
contingently issuable shares 11.3 14.0
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Adjusted average shares 1,088.2 1,092.1
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Diluted earnings per share $ .58 $ .74
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Dollars and shares in millions except per-share data.